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Try Picki for FREEBelow are some similar properties in the area you may be interested in.
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Try Picki for FREE$5,000
-$8,877
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Asking Price
$135,000
Estimated Purchase Price
$130,000
Stamp Duty
$4,030
Transfer Fee
$1,091
Conveyancing
$1,226
Deposit (10%)
$13,000
Reg. Mortgage
$187
LMI Premium
$2,243
Renovation Costs
-
Total Cash/Equity Required
$22,327
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
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Property Management
+7.7% PA
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Rates
+3.0% PA
$1,438
$1,876
Water
+3.0% PA
$1,271
$1,658
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,959
-$6,470
Interest Repayments
$7,722
$7,722
Net Cashflow Before Tax
-$12,681
-$14,192
Depreciation
-
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Tax Offset
-$3,804
-$4,258
Net Cashflow After Tax
-$8,877
-$9,935
Unlock the power of Picki
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$144,180
$260,643
Loan Balance
I.O
$117,000
$117,000
$27,180
$143,643
